Market Insider

With Greece as backdrop, new data get a close look

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Wall Street trying to avoid late June swoon

"Greece fatigue" had already set in on Wall Street this week even before the latest fumbling between Greece, the EU and IMF on a debt deal that would keep Greece in the euro zone.

On Thursday, Greece could once more dominate markets, as traders watch for the 8:30 a.m. ET release of key personal income and spending data, and the PCE deflator, an inflation measure watched by the Fed. There are also weekly jobless claims at 8:30 a.m., and a 7-year note auction at 1 p.m. ET.

Stocks headed south Wednesday as negotiations between Greece and EU finance ministers hit a wall. European leaders were set to meet Thursday with Greek Prime Minister Alexis Tsipras. The Eurogroup said it would continue to meet Thursday, ahead of the leaders meeting.